Wealthy Americans growing more optimistic about economy

3:00 PM,
Sep. 27, 2012

THINKSTOCK

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| By Christine Dugas
USA TODAY

Affluent Americans have realized that economic uncertainty is the new normal. But they are feeling more hopeful as they take greater control of their financial lives.

Although more than half of wealthy Americans, 54 percent, are still worried about being able to meet their financial goals, 94 percent of them think that they are better prepared to cope with the kind of economic volatility they have endured for several years, according to the Merrill Lynch Affluent Insights Survey released today.

"The economic scenario has played out over the past several years, and more than half of ...

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However you define this “new age of austerity,” the fact is that we have less to spend and are now redefining our standards of living. How we come to terms with new economic realities and our hopes that our children can realize a middle class lifestyle is an important conversation, one the Courier-Journal hopes to lead. Courier-Journal journalist Jere Downs reports, writes, and tracks down the information that all of us need to raise our standard of living. The granddaughter of an auto worker and a witness to the decline of the middle class in her native Detroit, Downs is a longtime business writer, and graduate of the Columbia University Graduate School of Journalism.• Contact Jere with story ideas or feedback

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Wealthy Americans growing more optimistic about economy

Affluent Americans have realized that economic uncertainty is the new normal. But they are feeling more hopeful as they take greater control of their financial lives.